Suruga Bank (SUGBY) Projected to Announce Earnings on Thursday

Suruga Bank (OTCMKTS:SUGBY) is expected to be issuing its resultson Thursday, August 6th. Analysts expect the company to announce earnings of $2.76 per share and revenue of $16.9628 billion for the quarter.

Suruga Bank (OTCMKTS:SUGBY) last released its earnings results on Thursday, May 14th. The company reported $4.00 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $2.83. Suruga Bank had a return on equity of 11.18% and a net margin of 33.98%.The company had revenue of $190.14 million during the quarter, compared to the consensus estimate of $113.95 million.

Suruga Bank Price Performance

Shares of SUGBY opened at $80.02 on Thursday. Suruga Bank has a 12-month low of $45.82 and a 12-month high of $80.02. The firm has a market capitalization of $1.38 billion, a PE ratio of 6.10 and a beta of -0.04. The stock’s fifty day simple moving average is $80.02 and its 200-day simple moving average is $80.02.

Suruga Bank Company Profile

Suruga Bank Ltd. is a regional financial institution headquartered in Shizuoka City, Shizuoka Prefecture, Japan. Established in the mid-20th century, the bank has built a reputation for serving both individual and corporate customers in its home region and beyond. As a member of Concordia Financial Group, Suruga Bank leverages group-wide resources to enhance its product offerings and operational capabilities.

The bank’s core business activities encompass a broad range of commercial and retail banking services.